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Re: Net-Man post# 31090

Tuesday, 11/09/2010 11:19:05 AM

Tuesday, November 09, 2010 11:19:05 AM

Post# of 53982
Net-Man.....Indonesia is their next target, and a big one at that.

http://mypalmoil.blogspot.com/2010/08/ql-resources-plans-rm400-million-capex.html

"QL's oil palm plantation landbank totals 21,200ha, out of which 20,000ha are in Indonesia. Chia said the group is investing about RM25 million to put up biogas and biomass plants at its Sabah palm oil mill to turn waste into green energy.

To date, QL has planted 7,500ha on its east Kalimantan oil palm estates. It will spend US$15 million (RM47 million) to instal a mill there.

Despite the high capital expenditure allocated for the next two years, Chia has reassured shareholders that the group can, and will continue to, pay out 25-30 per cent of group profits as dividends."

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